Neo mining and technologies have been attracting a lot of attention over the past couple of weeks, and it is not hard to see why.
Their adverts are literally everywhere, people are talking about the left, right and centre especially on social media, blogs and forums.
I believe you have come across an advert trying to promote Neo mining and technologies, you are interested but will like to know more about the platform before making a decision. If that be the case, then I am glad to inform you that, you are in the right place.
It might interest you to know that I am not in any way affiliated with Neo mining and technologies, and have no reason to promote their business. I have done my research judiciously and whatever you see here is the truth, intended to guide you towards making an informed decision.
This review will simply guide you to the truth.
Is Neo mining and technologies a scam? Is it legit?
Let’s find out.
What is Neo mining And Technologies?
Taking a critical look at Neo mining and technologies official website, you will discover that not much was disclosed, especially as regards its ownership and legality. like is the case in pyramid schemes like cryptoworld network etc.
You will agree with me that for a business to be credible, it has to divulge such vital information to its investors. No one will feel safe doing business with a faceless organisation.
Their official website looks more like a page or portal where members can log into the platform and nothing more.
Furthermore, the domain “neominetech(.com)” was registered to a certain Jesus Osuna on the 23rd of September 2017, with an address linked to a location in California, USA.
After making further enquiries I discovered that videos created for the purpose of marketing Neo mining and technologies recognised Jesus Osuna as the company’s CEO. Now, here is the fascinating side to these, if Jesus Osuna is the company’s CEO, why is his name not written on the website?
Well, let’s find out more about Osuna and his relationship with Neo mining and technologies.
Osuna started promoting/advertising Neo mining and technologies back in the second quarter of 2017, recent discoveries have it that, it was within this time frame that he started talking about cryptocurrencies in his personal social media channels.
Osuna was the co-founder of Uvodi back in 2015. Uvodi is some kind of fitness organization that operates with an MLM feature, although the website still exists to date, its revenue seems to have massively depreciated from what it used to be in 2015.
Furthermore, a certain Jesus Osuna who resides in California was mentioned as one of the foremost beneficiaries in the TelexFree Ponzi scheme that tapped $1.4 million from unsuspecting individuals. Although this Jesus Osuna has not been confirmed to be the same Jesus Osuna who is promoting Neo mining and technologies.
What Are The Products Offered By Neo Mining And Technologies?
Talking about products on offer, Neo mining and technologies offers none! There are no goods or services on offer for retail and as such there can be no trade activities for income generation.
Neo mining affiliates have only the membership fees to offer and nothing else. And judging from experience, I can tell you categorically that this has MLM written all over it and should be approached with caution.
Neo Mining And Technologies Compensation Plan
Here is how Neo mining and technologies works.
Members are to buy Ethereum mining contracts, these contracts offer passive ROI for a period of 2 years.
Neo mining and technologies offer three mining contract packages which are as follows.
- N126,000 NAIRA ($350) for a 14 MH/s mining contract
- N630,000 NAIRA ($1750) for a 70 MH/s mining contract
- N1,260,000 NAIRA ($3500) for a 140 MH/s mining contract
Neo mining offers incentives in form of referral commissions to its members, through the aid of both a Unilevel and binary system. And like every other platform with this feature, the aim is to encourage members to recruit others and have them buy mining contracts as well.
How Much Do You Need To Join Neo Mining And Technologies
To become an active member of the Neo mining and technologies investment platform, you will be required to sign up and purchase a mining contract. The contracts cost N126,000 NAIRA ($350), N630,000 NAIRA ($1750) and N1,260,000 NAIRA ($3500) respectively.
And like expected, buying a more expensive contract will yield more returns, as illustrated in their compensation plan.
Is Neo Mining And Technologies a Scam?
There exist a lot of scam sites on the internet today, analysing a site is one thing and coming to a conclusion is another. Neo mining and technologies might be a scam or a legit platform, to help you make the right decision, here are key areas you should take into cognizance.
- Neo mining and technologies offer no tangible products
- The true identity of the CEO is unknown
- There is no guarantee that Neo mining and technologies will last long enough for its members to make a profit
- Neo mining and technologies have no refund policy
- It is not a registered company.
- Neo mining and technologies have a multi-level marketing feature.
Neo mining and technologies might not be a total scam, hence the reason why you have to pay attention to what I am about to tell you.
What I Think Of Neo Mining And Technologies
The contracts at Neo mining look really amazing at first especially to newbies, but there is a problem here, Neo mining and technologies cannot operate as a legitimate business and here is why.
Anyone looking to purchase mining contracts from Neo mining and technologies must become an affiliate for their income opportunity.
Taking a closer look at Neo mining generally, you will discover that they seem to be more interested in advertising their investment opportunity than on actually mining Ethereum. Here is the reason for my supposition.
In a recent marketing video created to promote Neo mining and technologies, the following can be heard:
“Do keep this in mind, that you will get back the amount you paid for your service.
Within two years you will definitely, you will definitely make way more than $350, ok?”
However, if you rewind the video you will hear the following:
“Do keep one thing in mind, this is not a company where you invest um, as in like you will consider (it) an investment.
We sell services. If you’re part of this team, if you’re part of Neo Mining and technologies please do not promote this as an investment company.”
If you paid attention, you will notice that I underlined a particular sentence. The message in the sentence is telling members to not promote the company as an investment platform, that sounds fraudulent considering the fact that in the compensation plan, members are to buy mining contracts and receive a particular ROI as profit within a period of 2 years, in case you don’t know; ROI simply means (Return on investment).
The reason why Neo mining and technologies don’t want to be promoted as an investment company is because for any company to operate as an investment company in the united states it must be registered with the SEC, else its operations will be considered illegal.
Neo mining and technologies is not registered with the SEC and is operating illegally. That said, in an event where they encounter difficulties and decide to elope with peoples money’s, members can take no legal actions against them.
Despite the fact that Neo mining and technologies is not registered, Jesus Osuna has been relentless in his claims that the organisation is traceable and transparent. These are all lies, and nothing good can be built on false claims.
My Advice Is
Feel free to invest if your guts approve of it, but invest with what you can afford to lose.
If you would like to learn Cryptocurrency trading, I suggest you read: Crypto Trading – How to Win Every Trade